Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
Wages. S corporation shareholders who work for the business (shareholder/employee) are classified as employees and receive the same tax treatment as any other employee who works for the business who is not a shareholder (i.e. a paycheck is issued, taxes are withheld, employment taxes are paid, a W-2 is issued).wo componemts make up an S corporation shareholder's tax basis: 1  Stock basis (the amount of money and property a shareholder contributes to the S corporation in exchange for its stock. 2  Loan basis, if any. 3  Direct loans you make to the S corporation from your own resources increase your loan basis.